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sandyh · 07-01-2009, 03:57 PM

Ours dropped around 100 points when we sold our rental. It might have helped that we still had mortgages on our credit that were current. I'm not sure if you can get it, but we had a good contact at National City and she gave us a letter that stated we "paid in full." That helped us to have one credit agency actually not report it as a charge-off and it simply said "paid in full." Remember that lenders are not required to do reporting.

07-01-2009, 03:57 PM	#4 (permalink)
sandyh Senior Member Join Date: Dec 2008 Posts: 85 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: how bad does short sale mess up credit? Ours dropped around 100 points when we sold our rental. It might have helped that we still had mortgages on our credit that were current. I'm not sure if you can get it, but we had a good contact at National City and she gave us a letter that stated we "paid in full." That helped us to have one credit agency actually not report it as a charge-off and it simply said "paid in full." Remember that lenders are not required to do reporting.